C.2. Expected Farm Loan Volume for the Next Quarter, Compared with a Year Earlier
Percent

Quarter

Total

Purpose of loan

Feeder cattle

Dairy

Crop storage

Operating

Farm machinery

Lower

Same

Higher

Lower

Same

Higher

Lower

Same

Higher

Lower

Same

Higher

Lower

Same

Higher

Lower

Same

Higher

Seventh (Chicago) Federal Reserve District (IL*, IN*, IA, MI*, WI*)

2007: Q4

16

42

41

27

67

6

9

80

11

5

62

33

18

32

50

9

35

56

2008: Q1

20

46

34

41

55

4

17

77

6

8

59

33

19

35

46

11

37

52

Q2

26

49

25

45

52

3

22

72

6

10

56

34

26

36

38

11

46

44

Q3

18

37

45

31

64

4

19

76

5

13

67

20

8

35

57

18

49

33

Q4

16

41

43

28

72

1

13

77

10

19

67

14

7

30

63

22

50

27

2009: Q1

15

54

32

34

63

3

21

69

10

21

68

11

9

41

50

31

55

14

Q2

30

49

21

42

56

2

32

57

11

26

62

12

21

47

32

42

49

9

Q3

24

54

22

38

58

5

33

61

6

21

59

19

17

43

41

39

50

11

Q4

20

58

21

30

65

4

26

67

7

20

63

17

20

47

33

30

54

16

Eleventh (Dallas) Federal Reserve District (LA*, NM*, TX)

2007: Q4

11

63

26

16

71

13

7

90

3

8

76

16

8

64

27

5

73

21

2008: Q1

22

57

21

29

65

6

11

86

4

17

76

7

19

55

26

18

59

23

Q2

21

56

23

40

53

8

13

85

2

8

78

14

15

51

34

17

60

23

Q3

15

71

15

31

65

4

11

89

0

13

74

13

11

58

30

24

66

9

Q4

38

52

10

47

48

5

19

69

6

23

71

6

22

52

26

40

50

10

2009: Q1

30

59

11

41

56

3

17

74

4

15

77

8

16

65

20

36

58

6

Q2

33

58

9

33

64

3

22

67

6

10

87

3

22

61

17

33

63

4

Q3

36

56

8

38

60

2

26

67

2

21

70

4

27

61

13

39

58

3

Q4

33

58

10

27

67

5

25

68

2

16

77

2

24

63

13

30

67

3

Fifth (Richmond) Federal Reserve District (MD, NC, SC, VA, WV*)

2007: Q4

39

56

6

33

67

0

31

69

0

24

76

0

17

61

22

26

68

5

2008: Q1

n.a.

n.a.

n.a.

n.a.

n.a.

n.a.

n.a.

n.a.

n.a.

n.a.

n.a.

n.a.

n.a.

n.a.

n.a.

n.a.

n.a.

n.a.

Q2

25

56

19

20

73

7

21

71

7

19

56

25

13

75

13

25

63

13

Q3

60

33

7

36

64

0

46

54

0

29

64

7

40

47

13

47

53

0

Q4

56

38

6

43

57

0

50

50

0

36

50

14

50

38

13

50

38

13

2009: Q1

41

53

6

33

67

0

47

53

0

35

59

6

35

55

10

47

53

0

Q2

67

33

0

53

40

7

53

40

7

35

59

6

44

44

11

67

28

6

Q3

75

13

13

57

36

7

50

36

14

38

44

19

31

44

25

50

38

13

Q4

n.a.

n.a.

n.a.

n.a.

n.a.

n.a.

n.a.

n.a.

n.a.

n.a.

n.a.

n.a.

n.a.

n.a.

n.a.

n.a.

n.a.

n.a.

1. Non-real-estate loans with a term greater than one season. Primarily comprises loans for
farm machinery. Return to table2. Loans used primarily to finance such items as current crop production expenses and the care
and feeding of livestock (including poultry). Return to table
* State falls only partly within the indicated Reserve District.
n.a. Not available.
Source. Federal Reserve Bank quarterly surveys of agricultural credit conditions at commercial
banks.